“I seldom become depressed, but when I consider that prosperity is created by ‘peace, easy taxes and a tolerable administration of justice’ I really think the US and other Western governments are doing their very best to impoverish their countries,” said Marc Faber in a thought-provoking two-part article published by The Daily Reckoning.

Hong Kong-based Faber, editor of The Gloom, Boom and Doom Report and Tomorrow’s Gold, pulls no punches in his assessment of the economic policies being pursued by the US administration.

Click here for Faber’s full report.

Source: The Daily Reckoning (Part 1 & Part 2), June 10 & 11, 2009.

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